Yet another weird SF fan

I'm a mathematician, a libertarian, and a science-fiction fan. Common sense? What's that?

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Yet another weird SF fan

Saturday, December 25, 2010

I Think That's “Fixed” as in a Fixed Boxing Match

According to New Scientist, George Soros thinks economics has to be fixed.

On the other hand, maybe he wants it to be neutered instead.

By the way, if we know less about economics than we thought, wouldn't that mean we don't know enough to regulate it?


Anonymous Anonymous said...

I can't argue commitment with a man "donated $50 million to rethink economics."

Joseph, logic fail on theorizing that less knowledge about X, is an argument for not regulating. Are you suggesting we can never regulate till our understanding is perfect? Otherwise leaving our economy unmanaged?

10:53 PM  
Anonymous Vader said...

I don't have a problem regulating in the absence of perfect understanding.

I do have a problem regulating when such understanding as we do have suggests the market does better unregulated.

I am using "regulated" here in the loose and imprecise sense of trying to dictate outcomes. A free market must, in fact, have rules in place to establish a level playing field. However, my experience is that that is almost never what is meant by someone discussing market regulation.

9:35 PM  

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